Jia, Jin; Sun, Qian; Tong, Wilson H.S. - In: Financial Management 34 (2005) 3
We study the partial privatization of 53 Chinese state-owned enterprises (by their listings on the Hong Kong Exchange over the period July 1993 to December 2002. We find that listing has led to a median increase of 70% in real net profits, 80% in real sales, 50% in capital spending, and a mild...